The Empire Strikes Out! Empire State Manufacturing Survey Collapses In August (-31.3), Worst Since Covid Shutdown And Great Recession – Confounded Interest – Anthony B. Sanders
The Empire Strikes Out! The US Empire State Manufacturing Survey General Business Conditions, that is. It just crashed and burned (-31.3) in August, the lowest...
Are The Bulls Gaining The Upper Hand?
The markets have now punched above an important resistance level & the bulls are suddenly talking about stocks zooming back to record highs. Is that...
Jay’s Famous Chili! M1 And M2 Money Velocity Crushed By Covid “Relief” As US Treasury Yield Curve (10Y-2Y) Remains Inverted – Confounded Interest – Anthony B. Sanders
The 2020 Covid outbreak led to a massive (and generally awful) reaction. There were economic shutdowns that caused extensive damage (particularly to small firms), but...
Homebuilder Confidence Plummets For 8th Consecutive Month, Worst Slump Since 2007 Crash
The headline NAHB market index fell in June from 55 to 49, the eighth straight month of declines marking the worst stretch since the housing...
Student Loans Are A $197 Billion Money Loser For Taxpayers: GAO
By Tyler Durden Though progressives routinely express horror over that idea that the federal government profits from student loans, a new analysis by the government’s...
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike
Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally. By Wolf Richter for WOLF STREET. “Tighter monetary...
Housing Affordability Index Drops to Lowest Rate Since 1989, Still Way Too High – Mish Talk
Housing Affordability Index and mortgage rates via St. Louis Fed. Affordability in June Was the Worst Since 1989 The Wall Street Journal reports Affordability in...
UK Average Electricity Cost Will Soar to $5,370 Per Year By 2023 – Mish Talk
Image from NimbleFins article quoted below Net Zero by 2050 Outgoing UK Prime Minister Boris Johnson pushed for a net zero carbon policy by 2050....
German Costs to Ship by Barge are up Twenty Times and May Soon Be Impossible – Mish Talk
Rhine Nears Critical Level Shippers prepare for the worst in Germany as Water Level on the Rhine River is at a Critical Level. Shipping companies...
The Structural Drivers of Investment Returns
John P. Hussman, Ph.D.President, Hussman Investment Trust August 2022 This is the longest period of practically uninterrupted rise in security prices in our history…...